Benchmarking Study

The Institute of Internal Auditors - Australia and Protiviti have conducted survey programs which benchmark internal auditing in Australia. These have been conducted as comprehensive surveys of Chief Audit Executives (CAEs) from over 160 organisations across all sectors to capture trends and developments in the internal audit profession, and of audit committee members in some years.       

You can download free copies of each survey below. 


Achieving High Performance in Internal Audit

SEVENTH Edition - 2015

Protiviti and the Institute of Internal Auditors – Australia (IIA-Australia) have continued their comprehensive research program into developments and trends in the internal audit profession in Australia. Now in its seventh year, the 2015 edition surveyed Audit Committee Chairs and Members from organisations across the listed, unlisted, government and not for profit sectors, for their insights. In 2014, we conducted qualitative research with Audit Committee members and in other years with CAEs. This report was launched at SOPAC® 2015.

FREE download


Achieving High Performance in Internal Audit

Sixth Edition - 2014

Protiviti and the Institute of Internal Auditors – Australia (IIA-Australia) have continued their comprehensive research program into developments and trends in the internal audit profession in Australia. Now in its sixth year, the 2014 edition surveyed Audit Committee Chairs and Members from organisations across the listed, unlisted, government and not for profit sectors, for their insights. In 2013, we conducted qualitative research with Audit Committee members and in other years with CAEs. This report was launched at SOPAC® 2014.

FREE download



Achieving High Performance in Internal Audit

Fifth Edition - 2013

Protiviti and the Institute of Internal Auditors – Australia (IIA-Australia) have continued their comprehensive research program into developments and trends in the internal audit profession in Australia. Now in its fifth year, the 2013 edition surveyed Chief Audit Executives (CAEs) from organisations across the listed, unlisted, government and not for profit sectors. 

In 2012, we conducted qualitative research with Audit Committee members*. Several major themes were raised and were included as questions in the current survey to CAEs. Responses to these questions are outlined below. This report is a summary of the findings presented at SOPAC® 2013.

FREE download



 

Achieving High Performance in Internal Audit

Fourth Edition - Insights from the Audit Committee Chair - 2012

In 2012, our research remains focussed on the major themes established in previous years; of internal audit independence, quality, skills and professionalism. However, the key difference this year is we have sought to explore these issues from the perspective of the primary user of internal audit services - Audit Committee Chairs.

The major theme emerging was that CAEs should strive to 'upskill' in vital strategic areas such as leadership, communication and commerciality. The single over-riding message was that CAEs must be much more than just exceptional technical operatives to get where they want to be - that is, become true partners with the Audit Committee and respected advisors to senior executives.

FREE download


 

Achieving High Performance in Internal Audit
Australia

Third edition - 2011 

The 2011 Achieving High Performance in Internal Audit Benchmarking Study surveyed the Heads of Internal Audit in 115 organisations across the public, private and not for profit sectors. Conducted annually by IIA - Australia and Protiviti, the survey is designed to provide an insight into trends and developments in the internal audit profession in Australia.

The joint IIA-Protiviti survey uncovered a difference in the extent to which management and the board viewed the value provided by internal audit. Audit committees placed a greater value on internal audit services (72 per cent) compared to management (45 per cent). Additionally, the survey found that the internal audit projects that added the most value to an organisation were process and operational audits (32 percent). These projects assess the effectiveness of a business activity in meeting an organisation’s goals and recommend improvements where necessary. In contrast, less than 1 per cent of respondents indicated that finance-related projects such as financial reporting and control reviews, added value, reflecting a lower regard for compliance-focussed projects.

FREE download


 

Achieving High Performance in Internal Audit

SEcond Edition - 2010 

The 2010 Achieving High Performance in Internal Audit Benchmarking Study surveyed the Heads of Internal Audit across the public, private and not for profit sectors. Conducted annually by IIA - Australia and Protiviti, the survey is designed to provide an insight into trends and developments in the internal audit profession in Australia.

The top 5 areas identified by CAEs as emerging priorities in the next 3 years are: Core Financial Controls; Major Project Implementations; Risk Management Attestation; Information Technology; Strategy Risk.

FREE download


 

Achieving High Performance in Internal Audit

first edition - 2009

The 2009 Achieving High Performance in Internal Audit Benchmarking Study surveyed the Heads of Internal Audit in 150 organisations in the public and private sectors. Conducted annually by IIA - Australia and Protiviti, the survey is designed to provide an insight into trends and developments in the internal audit profession in Australia.

The joint IIA-Protiviti research highlights that organisations must address a number of issues to enable their internal audit function to more effectively advance good corporate governance.

FREE download